In the latest close session, BigBear.ai Holdings, Inc. (BBAI) was down 1.72% at $5.72. The stock's change was less than the S&P 500's daily gain of 0.5%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.43%.
Prior to today's trading, shares of the company had gained 1.57% outpaced the Computer and Technology sector's loss of 0.15% and the S&P 500's gain of 0.18%.
Market participants will be closely following the financial results of BigBear.ai Holdings, Inc. in its upcoming release. In that report, analysts expect BigBear.ai Holdings, Inc. to post earnings of -$0.05 per share. This would mark a year-over-year decline of 25%. Simultaneously, our latest consensus estimate expects the revenue to be $32.44 million, showing a 26% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.93 per share and revenue of $132.81 million. These totals would mark changes of +15.45% and 0%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for BigBear.ai Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. BigBear.ai Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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BigBear.ai Holdings, Inc. (BBAI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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